What does the area under the short run marginal cost SMC curve represent ........

Economics (CUET) Theory of Production and Cost

What does the area under the short run marginal cost (SMC) curve represent?

Total fixed cost.

Total variable cost.

Total revenue.

Total profit.

The area under the SMC curve translates to the total variable cost as it integrates over different output levels.

Option 2 is correct as it matches this interpretation.

Options 1, 3, and 4 relate to other financial aspects.

Submit Error